SEC Filings

10-Q
TIME WARNER INC. filed this Form 10-Q on 08/02/2017
Entire Document
 


Table of Contents

TIME WARNER INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

 

The following summary sets forth the activity within Other comprehensive income (loss) (millions):

 

                                                                                                                                                                             
     Three Months Ended June 30, 2017   Six Months Ended June 30, 2017
     Pretax   Tax
(provision)
benefit
  Net of tax   Pretax   Tax
(provision)
benefit
 

Net of tax

Unrealized gains on foreign currency translation

   $ 62     $ 14     $ 76     $ 52     $ 13     $                    65 

Unrealized losses on benefit obligations

     (67     24       (43     (64               23     (41)

Reclassification adjustment for losses on benefit
obligations realized in net income (a)

     10       (3     7                 18       (6             12 

Unrealized losses on derivative financial
instruments

     (47     17       (30     (70     25     (45)

Reclassification adjustment for losses on derivative
financial instruments realized in net income (b)

               14       (4     10       17       (5   12 
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss)

   $ (28   $           48     $           20     $ (47   $ 50     $                      3 
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

Three Months Ended June 30, 2016

  Six Months Ended June 30, 2016
     Pretax   Tax
(provision)
benefit
  Net of tax   Pretax   Tax
(provision)
benefit
 

Net of tax

Unrealized gains (losses) on foreign currency
translation

   $ 41     $ (6   $ 35     $ (9   $ 5     $                    (4)

Unrealized losses on securities

     (2     1       (1               — 

Unrealized gains on benefit obligations

     19       (6     13       26       (8   18 

Reclassification adjustment for losses on benefit
obligations realized in net income (a)

     8       (3     5                 17       (6             11 

Unrealized losses on derivative financial
instruments

     (16               6       (10     (15               5     (10)

Reclassification adjustment for (gains) losses on
derivative financial instruments realized in net
income (b)

     1                       1       (26     10     (16)
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss)

   $           51     $ (8   $ 43     $ (7   $ 6     $                    (1)
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)         Pretax losses are included in Selling, general and administrative expenses.

(b)         Pretax (gains) losses are included in Selling, general and administrative expenses, Costs of revenues and Other income (loss), net are as follows (millions):

            

 

Three Months Ended June 30,

  Six Months Ended June 30,
             2017   2016   2017  

2016

Selling, general and administrative expenses

       $ 2     $           2     $ 5     $                       (1)

Costs of revenues

                   12       (1               12     (10)

Other income (loss), net

                         (15)

 

37